San Francisco — AOL and Yahoo will be combined into a unit called Oath after telecom titan Verizon buys the pioneering internet firm, according to a tweet on Monday by the AOL chief. Confirmation of a new name for what the world has long known as Yahoo was tweeted from a verified @timarmstrongaol account after reports of the new name leaked in US media reports. "Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017," the Twitter post read. A price cut early this year kept Verizon on track to consummate the purchase of Yahoo’s internet business, and share the costs from a pair of epic hacks that threatened to derail the deal. Yahoo slashed the price of its core internet business by $350m. Under revised terms of the delayed deal, Verizon’s purchase of Yahoo assets will total $4.48bn. Yahoo announced in September that hackers in 2014 stole personal data from more than 500-million of its user accounts. And in December it admitted to another cyber attack from 2013 a...
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